Carter Bankshares Reaches Analyst Target Price
March 08, 2021 at 09:30 AM EST
In recent trading, shares of Carter Bankshares Inc (CARE) have crossed above the average analyst 12-month target price of $13.33, changing hands for $13.34/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..